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Public Sector Net Cash Requirement

Volume 472: debated on Monday 3 March 2008

To ask the Chancellor of the Exchequer if he will estimate Government borrowing since 1997 when calculated in line with the latest international financial reporting standards on the recording of private public partnership liabilities. (190038)

Public sector net borrowing (PSNB) is assessed using National Accounts data compiled by the independent Office for National Statistics. The Government announced at Budget 2007 to move to International Financial Reporting Standards (IFRS) for the annual resource accounts of public bodies from 2008-09. It is too early to say what implications the IFRS based accounting guidance for public private partnerships might have for PSNB.